If you’re looking into Bitcoin trading you’ve probably encountered companies like Trade Rush which provide Bitcoin Binary Options trading.
What Are Bitcoin Binary Options ?
Bitcoin Binary Options is a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time. If you’re correct you earn the option’s payoff, if you’re incorrect you lose your investment. Each Bitcoin binary option has a specific expiration date at which the option is checked to see if it’s “In the money” (you were correct) or “Out of the money” (you were incorrect). Each Bitcoin binary option also has a specific payoff that you can win. They are called “Binary Options” because the outcome is either win or lose, there’s nothing in between.
An example for Bitcoin Binary Option Trading
For example, let’s say it’s 10am and the BTC price is $575.505. You believe that by 5:10pm on March 17th the price will be higher than $575.505 so you buy a “Call” option. If at 4pm the BTC price is higher than $575.505, you earn the payout of 73% of your investment, if it’s lower, you lose. Another example is if you think the BTC price will go down. You then buy a “Put” option. If the price at the expiration time is lower than the original price, you earn the option’s payout.
The Upside of Bitcoin Binary Options
- You don’t have to know the exact value of Bitcoin when the option expires, only if it increased or decreased.
- You don’t have to have extensive knowledge in trading to participate in Bitcoin binary options.
- Payout can reach up to 88% return on investment.
The Downside of Bitcoin Binary Options
As you may have noticed, Bitcoin binary options have a great similarity to plain gambling. If you study binary options in detail you will see that the trading platform will always have an edge over the investor (you need to win over 50% of the time just to break even). Because of the unpredictable nature of Bitcoin binary options many countries have strict regulations regarding who is allowed to operate such a business, it is advisable to check if the exchange were you wish to trade Bitcoin binary options is regulated. Also Bitcoin options can become highly addictive (just like gambling), and no matter how knowledgable you are, it’s impossible to consistently predict what Bitcoin prices will do within a short time frame.
Bitcoin Binary Options Exchanges
Today, two companies have taken the advantage of Bitcoin’s increasing volatility and are allowing customers to trade in Bitcoin binary options: TradeRush – Accepts customers Worldwide. Top Option – Does not accept US customers.
Be careful! You’re Capital is At Risk
If I wasn’t clear enough until now, then keep in mind that trading in Binary Options is highly speculative and involves a significant risk of loss. Such trading is not suitable for all investors so you must ensure that you fully understand the risks before trading.
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad HARPER was able to help me recover my money. You can get in touch with them on their company mail
Email: harperjamesplatform @ gmail com
Anyone hear of Bitget binary options trading through Charles Schwab. Paying commissions to a trust wallet account then you getting the gross trading profits. Now there’s a stamp tax from the exchange that needs to be paid before funds can be released.
what is the legitest site?
Hi @Greg,
Due to the high risk and potential for scams associated with binary options trading, I cannot recommend a specific platform to do that.
Please do not invest any money you cannot afford to lose 100% percent of!
I hope this helps.
If you ever run across capitalmarketcentre they are a scam.
Has anyone heard of a bianary options platform in the UK called TradexMT
Anyone heard about btc-coin.uk ? They say I need to meet 1 round of account volume then let me withdraw.. but its gamble, if I trade 1 account flow, 50% will be gone if I rely on my luck..
Has anyone heard of DE-Option platform for trading short term binary options on BTC/USDT and ETH/USDT?
Hi Kevin,
What do you mean by DE-Option Platform?
Never heard of this site before. After performing a quick search, nothing appears to indicate that it’s a scam. However, you shouldn’t just take our word for it. You should do your own research and decide for yourself if this is something you want to invest in. We can’t really direct you to a trading platform, nor can we deter you. That wouldn’t be right. We are here for information purposes only, and we don’t pretend to offer valid investing advice. You may want to consult with a financial planner about that.
Anybody heard of Rick Rahim’s option copier?